Nakumatt Plan to Introduce Mastercard Prepaid Cards For use in East Africa

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Nakumatt plan to introduce the multi-currency  MasterCard prepaid cards in Kenya . The existing Nakumatt Cybercash loyalty card will be replaced with the Nakumatt Global MasterCard Prepaid card, allowing customers to load money onto the card for purchases at POS terminals, cash withdrawals and online purchases at Nakumatt stores across East Africa, and at any retailer that accepts MasterCard payment cards worldwide.

As part of the Nakumatt deal, MasterCard has collaborated with both of Nakumatt’s banking partners, Diamond Trust Bank (DTB) and Kenya Commercial Bank (KCB) .The Nakumatt Global MasterCard Prepaid card features PayPass technology.  PayPass is supported by multi-level security protections, including the advanced encryption of PayPass radio frequency transaction transmissions, and the state-of-the art security protections of the MasterCard payment system.

 

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Kennedy Kachwanya
Lead Blogger at Kachwanya.com
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Kennedy Kachwanya is a technology blogger interested in mobile phones both smart and dumb, mobile apps, mobile money, social media, startups ecosystem and digital Savannah. New media must not forget the strength of old tech.
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